Energy Ledger is a challenge that promotes using renewable vitality sources. It accomplishes this by means of a peer-to-peer vitality buying and selling platform that connects renewable vitality producers with customers on the blockchain. The POWR token is used to make funds by clients, giving the cryptocurrency a really actual use case.
Following a profitable preliminary coin providing (ICO) in late 2017 (the 14th largest on this planet thus far), Energy Ledger has been laborious at work creating their platform and securing partnerships with plenty of Australian and New Zealand vitality suppliers. Energy Ledger is the world’s ninetieth largest cryptocurrency as of this writing. With a market capitalization of barely greater than $60 million, it has the potential to generate vital earnings for its traders.
Let’s have a look at the right way to get your first POWR tokens.
Due to its low market capitalization, few platforms let you purchase Energy Ledger POWR immediately with fiat foreign money akin to USD or EUR. So the best choice is to start out with Bitcoin or Ethereum after which commerce for POWR on a big trade like Binance.
For those who haven’t already achieved so, step one is to create an account on Binance.
Earlier than you may start buying and selling, Binance would require you to submit a number of KYC (know your buyer) verification paperwork. To maintain your account safe, you must also implement safety measures akin to a powerful password and 2-Issue Authentication.
After being permitted, you need to ship Bitcoin or Ethereum cash to the Binance Trade. If you don’t already personal both of those cash, you should buy them from the Coinbase Trade or from web sites akin to Coinmama or Changelly.
To deposit, go to the header menu and choose “Funds” adopted by “Deposit.” Select the coin you need to ship from the drop-down menu. This can give you an handle to which you’ll ship your Bitcoin or Ethereum. Make sure that any cash despatched to this pockets handle are solely of that foreign money – for instance, for those who ship BTC to an ETH handle, you might lose your cash.
Relying on how a lot exercise there may be on the community, you’ll have to attend a short while on your deposit to be confirmed. Earlier than leaving the web page, double-check that the deposit was profitable and that the BTC/ETH is in your Binance pockets.
When you’ve Bitcoin or Ethereum in your Binance account, you may proceed to the Trade. From the highest menu, choose “Trade,” then “Primary.”
Discover the pair for POWR and the coin you beforehand deposited in Binance’s Trade part. To take action, go to the highest proper search bar and sort POWR. There might be Bitcoin, Ethereum, and Binance Coin (Binance’s native cryptocurrency) pairs obtainable (used for discounted buying and selling charges).
Binance supplies instruments and information charts to help you in shopping for low and promoting excessive. You possibly can view the worth and order historical past on your pair from the buying and selling display screen. You can too set your personal purchase and promote limits. This implies you may set a value at which you need to purchase or promote POWR, and Binance will execute your commerce robotically when the worth reaches that degree.
Select the worth you need to pay, or click on the “Market” tab to purchase on the present value.
You may have the choice of buying a certain quantity of POWR or spending 25%, 50%, 75%, or 100% of the BTC/ETH in your Binance account. To finish your order, click on the “Purchase POWR” button.
